The Korea Herald

Tunisia dissolves state security police

World NewsMar 8, 2011

Interim P.M. announces members of government, pledges to revive economyTUNIS (AFP) ― Tunisia on Monday scrapped its feared political police and named a new interim government free of any members of the regime of toppled strongman Zine El Abidine Ben Ali.Affirming a commitment “to apply the law and respect liberties and civic rights,” the interior ministry announced that it was abolishing the gener
McCartney leads a very British day at Paris fashion week

FashionMar 8, 2011

PARIS (AFP) ― Stella McCartney led a very British day at Paris fashion week on Monday, sending out a chic and casual fall-winter collection to an energetic hip-hop soundtrack.Her compatriot Giles Deacon at Emmanuel Ungaro veered towards a more severe dominatrix look driven by the late Ungaro’s famous statement that he dressed mistresses, not wives.Later in the day, Hannah MacGibbon at Chloe widene
Park In-bee cracks top 10

GolfMar 8, 2011

South Korea has a new member inside the top 10 in the latest women’s world golf rankings.Park In-bee jumped from 13th to ninth in this week’s rankings, announced by the LPGA Tour, thanks to her victory at the first Japan LPGA Tour event of the season on Sunday. Following that win, Park had said her goal was to be among the top 10 golfers in the world this year.There was no change among the eight g
Tiger to visit Korea next month

GolfMar 8, 2011

Tiger Woods, the former No. 1 golfer in the world, is scheduled to visit South Korea next month for a youth golf camp, his corporate sponsor announced Tuesday.Nike Golf Korea said Woods will come to South Korea on April 14 as part of the company’s “Make It Matter” youth clinic series covering Asia. Woods will first go to China in early April, after the April 7-10 Masters, and then make a stop here
Cine France opens its spring line-up

FilmMar 8, 2011

To the joy of the many French movie fans in Korea, Cine France announced Tuesday the lineup for the March-April season, which is currently running at Dongsoong Art Center in Dongsung-dong, central Seoul.Organized by the French Embassy in Korea, the French Cultural Center and Jinjin Pictures, Cine France is a film screening event started in 2006 to introduce French movies to the Korean public. A sc
Korean university libraries trail behind America’s

Social affairsMar 8, 2011

Korean university libraries’ stock of books is dismal compared to their U.S. counterparts, questioning the basic foundation of academia here, according to research released Tuesday.Korea’s largest university library falls only slightly ahead of the institute ranked 39th among North American universities. A 2010 study by the Korea Education & Research Information Service placed Seoul National Unive
Hospital staff levels lag OECD average

Social affairsMar 8, 2011

Korea has more hospitals than the OECD average, but they are staffed below the normal rate, raising concerns over the quality of the country’s medical services. According to the Health Insurance Review and Assessment Service, there are 81,681 medical facilities nationwide, including hospitals, clinics, public healthcare centers, maternity nursing care centers, dentists, pharmacies and Oriental med
Citigroup cuts KOSPI mid-year target

IndustryMar 8, 2011

Korea’s KOSPI Index, which posted its biggest monthly decline in two years last month, had its mid-year target cut at Citigroup Inc. on concern higher oil prices will hurt corporate profits.The mid-year estimate for the benchmark stock gauge was reduced to 2,050-2,150 from 2,200-2,300, Citigroup analysts led by Michael Chung wrote in a report dated yesterday. The brokerage increased its Brent crud
Kia China venture to enhance research

IndustryMar 8, 2011

Kia Motors Corp.’s China venture will invest about $150 million on a research and development center to produce its own brand of cars, according to the parent of the Chinese partner.The venture, Dongfeng Yueda Kia Motors Co., will start construction this year and will complete building the center by 2015, Jiangsu Yueda Group Co.’s Vice Chairman Shao Yong said in an interview in Beijing.Automakers
GS head stresses technology, mutual growth

IndustryMar 8, 2011

GS Group chairman Huh Chang-soo stressed the significance of original technology and mutual growth with suppliers on Tuesday during his visit to a GS Caltex lubricants plant in Incheon, Gyeonggi Province.“GS has been showing a strong performance overseas with its solid base in the domestic market. I believe we can become a leading global firm if we secure original technologies with which we can co
Further softening seen in domestic demand: ministry

Mar 8, 2011

Korea’s Finance Ministry said on Tuesday in a closely watched monthly report that economic uncertainty has increased globally and that domestic demand in Asia’s fourth-largest economy showed signs of softening. “Recovery in the world economy is improving but uncertainty has increased due to such factors as the political unrest in the Middle East, possible monetary policy tightening in emerging eco
Yuhan-Kimberly gets organic certification

IndustryMar 8, 2011

The Anyday feminine hygiene product brand from Yuhan-Kimberly has received eco-friendly certification for five consecutive years. The Well-being Certification, granted by Korea Management Association Registrations & Assessments Inc., recognizes a domestic product’s functionality, safety and its environmental compatibility.As well as existing Anyday products, new Anyday Organic Cotton, made wholly
Regulator to guide firms on cartel laws

Mar 8, 2011

FTC to help Korean companies act within tighter U.S., EU regulationsThe Fair Trade Commission on Tuesday cautioned local companies over increasingly tougher anti-trust regulations and surveillance in Europe and the U.S. after Korean companies were slapped with billions of dollars in fines for collusion overseas. The regulator said it will step up efforts to help Korean companies to trade within th
iPads in cockpits may hasten end of era for paper charts

TechnologyMar 8, 2011

Apple Inc.’s iPad won approval from U.S. regulators to display navigational charts for some charter pilots, a step that may speed the end of the decades-old tradition of paper maps in the cockpit. With the Federal Aviation Administration endorsing iPads in a test project at Executive Jet Management, a unit of Warren Buffett’s NetJets, the way is open for pilots at airlines and other commercial car
Social commerce set for major showdown

TechnologyMar 8, 2011

Global giant Groupon joins Korea’s growing social commerce marketA major showdown is expected in Korea’s social commerce market with the introduction of global giant Groupon next week.The U.S.-based social commerce firm announced Monday that it will launch its branch here next Monday, going head-to-head with the country’s industry leaders like Ticket Monster and Coupang.Recruiting about 200-300 em